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| | Three insurance companies receive awards for community investments By Press Release - California Department of Insurance - October 8, 2014
SACRAMENTO, Calif. –Three insurance companies that made the most investments in California’s undeserved communities received leadership awards presented by Commissioner Dave Jones during the California Organized Investment Network’s (COIN) inaugural Investment Summit held at the Federal Reserve Bank of San Francisco on September 17, 2014.
The leadership awards were presented to the following insurance groups:
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MetLife for holding the most COIN qualified holdings in 2012. Michael Hickey, MetLife’s Government Relations Counsel and a member of the COIN Advisory Board, accepted the leadership award on behalf of MetLife.
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New York Life for the greatest percent increase in COIN qualified holdings from 2009 to 2012. Kirk Kniss, Senior Director and Head of West Coast Commercial Mortgage Production for New York Life accepted the award on behalf of New York Life.
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Northwestern Mutual for holding the most 2012 COIN qualified High Impact investments. Jerry Baier, a retired consultant with 38 years of experience with the group, accepted the award on behalf of Northwestern Mutual..
“California is home to over 200 insurers companies that write more than $100 million in annual premiums,” said Commissioner Jones. “MetLife, New York Life and Northwest Mutual are leaders in directing their capital to impact investments in California.”
The awards were based on results from the 2014 COIN Community Investment Survey (CIS) data call. The COIN program guides insurers on making sound investments that yield environmental or social benefits in the California’s underserved communities.
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California Department of Insurance, Press Release, October 8, 2014
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